Legatrix: NRL in Assam becomes first oil PSU to adopt online legal compliance system
Numaligarh Refinery Ltd (NRL) in Assam became first oil public sector undertaking (PSU) in India to adopt an online legal compliance system by introducing ‘Legatrix‘. This initiative aims to induce greater transparency NRL’s operations and augment its contribution towards Digital India Mission of the Government.
Legatrix is cloud-based compliance management system to serve as onestop solution for effectively managing organisations legal and regulatory compliances through monitoring control at different levels. It encompasses requirements of laws like labour, IT, taxation, commercial, export-import, corporate laws and other industry-specific laws. It will support risk tracking and compliance on real-time basis along with creation of centralised repository, auto-generated reports and certificates, compliance calendar and immediate updates for legal and regulatory amendments.
Numaligarh Refinery Limited (NRL)
NRL is public sector oil company in Assam. It is under administrative control of Union Ministry of Petroleum & Natural Gas. It is located at Morangi, Golaghat district, Assam in India. It is joint venture between Bharat Petroleum (61.65%), Oil India (26%) and Government of Assam (12.35%). It has capacity of 3 million metric tonnes (mmt) per year.
Month: Current Affairs - July, 2018